BOK Cuts 2018 Growth Forecast from 3% to 2.9%

Write : 2018-07-12 11:42:21 Update : 2018-07-12 13:40:00

BOK Cuts 2018 Growth Forecast from 3% to 2.9%

The Bank of Korea(BOK) has cut its growth forecast for this year from three percent to two-point-nine percent. 

BOK Governor Lee Ju-yeol made the announcement in a news briefing Thursday after the BOK's monetary policy board voted to freeze the benchmark interest rate at one-point-five percent for July.

[Photo : YONHAP News]

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